{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:2618","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"Power to Redeem","number":"2618","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2618/","hierarchy":{"book":"BOOK VI - SPECIAL CONTRACTS","title":"TITLE V- ALEATORY CONTRACTS","chapter":"Chapter 1. - Annuities","section":"Section 1. - Perpetual Annuity","paragraph":null},"paragraphs":[{"id":"p1","number":"1","text":"The debtor may redeem an annuity set up in perpetuity notwithstanding any provision to the contrary.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2618/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":722,"url":"https://eriatlas.com/sources/civil-code-2015/page/722/?article=2618&paragraph=p1#article-2618-p1"}]},{"id":"p2","number":"2","text":"The parties may however agree that the redemption shall not take place before the death of the annuitant or the expiration of a period not to exceed ten years.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2618/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":722,"url":"https://eriatlas.com/sources/civil-code-2015/page/722/?article=2618&paragraph=p2#article-2618-p2"}]},{"id":"p3","number":"3","text":"They may also agree that the redemption shall only take place after notice of one year given to the annuitant.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2618/#p3","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":722,"url":"https://eriatlas.com/sources/civil-code-2015/page/722/?article=2618&paragraph=p3#article-2618-p3"}]},{"id":"p4","number":"4","text":"If longer periods of time have been agreed, the maximum periods provided in sub-Article (2) and (3) shall be substituted therefor.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/2618/#p4","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":722,"url":"https://eriatlas.com/sources/civil-code-2015/page/722/?article=2618&paragraph=p4#article-2618-p4"}]}],"caution":"This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur."}